Abstract
In this paper, present value model is analyzed with respect to the unique characteristics of Information system projects using Triangular Fuzzy Numbers. Information system projects are unique projects with numerous distinguished characteristics and several conditions of risk. A number of information system projects have been cancelled before completion in the last decade as a result of budget overruns to the tune of several tens of billions of dollars to industry. Although engineering economic analysis offers tools and techniques for evaluating risky projects, the tools are not enough to place information system projects on a safe budget track. There is a need for an integrative economic analysis model that will account for the unique characteristics of this important part of the technology world. This proposed model has the potential of reducing budget overruns in information system projects.
| Original language | English |
|---|---|
| Pages | 2065-2070 |
| Number of pages | 6 |
| State | Published - 2004 |
| Externally published | Yes |
| Event | IIE Annual Conference and Exhibition 2004 - Houston, TX, United States Duration: May 15 2004 → May 19 2004 |
Conference
| Conference | IIE Annual Conference and Exhibition 2004 |
|---|---|
| Country/Territory | United States |
| City | Houston, TX |
| Period | 05/15/04 → 05/19/04 |
Keywords
- Economic analysis
- Fuzzy present value analysis
- Information system projects
- Information systems
- Information systems economics